ICICI Value Strategy

Inception28 January 2004
BenchmarkBSE 500 TRI
Fund ManagerMr. Chockalingam Narayanan
As on Date30 September, 2026
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What is the ICICI Value Strategy Strategy and how has it performed?

ICICI Value Strategy is a Portfolio Management Service (PMS) strategy launched on 28 January 2004, benchmarked against the BSE 500 TRI index. The strategy aims to benefit from the long-term compounding effect by investing in good businesses run by experienced management teams, with a primary focus on large-cap equity and equity-related instruments across the full market capitalisation spectrum. The strategy is managed by Mr. Chockalingam Narayanan and reported a 6-month M2M return of -2.43% against a benchmark return of 6.3% as of 30 September, 2026. The minimum investment for this PMS strategy is ₹50 lakh as per SEBI regulations.

ICICI Value Strategy Strategy Details

The Portfolio Manager follows value style of investing. The Value Strategy defines ‘Value Investing’ as “Good business at reasonable / attractive price” and not mediocre business at a bargain price. The Strategy uses various stock selection parameters while also adhering to the due diligence processes to identify stocks with potential to generate a compounded performance over the long term.

Performance Summary

3 Months returns
Performance M2M -5.4%
Index Benchmark (BSE 500 TRI) 6.3%

Top 5 Sectors Weightage

  • Ferrous Metals 15.98%
  • Banks 15.57%
  • Auto Components 11.81%
  • Cement Products 5.93%
  • Telecom Services 6.04%
  • others 44.67%

Know About Fund Managers

Mr. Chockalingam Narayanan

Mr. Chockalingam Narayanan has over 17 years of extensive experience in Fund Management, Investment Research and Market Analysis. He has been instrumental in analysing business fundamentals to derive relevant and actionable analysis that has portfolio growth. He is consistently relied upon for providing detailed analysis of the macro-economy, financial markets and ESG that serve as some of the key foundation pillars for the various investment strategies that he has worked with in his career. In his career, he has earlier worked with leading organisations like Baroda BNP Paribas Asset Management India Pvt Ltd, Deutsche Equities India Private Limited and Batlivala & Karani Securities. Academically, Mr Chockalingam Narayanan has a Post Graduate Diploma in Management from T A Pai Management Institute, Manipal and a Bachelor of Commerce from G.R.Damodaran College of Science. He has also passed the Financial Risk Manager (FRM) certification by the Global Association of Risk Professionals, USA.

Ms Geetika Gupta

Ms Geetika Gupta is Fund Manager – Portfolio Management Services & Alternative Investments Funds at ICICI Prudential AMC. She has over a decade of experience in investments, both in sell-side equity research and buy-side research. Prior to joining ICICI, she was Vice President at First Voyager Advisors for six years, where she was responsible for the fund’s investments in Indian equities. She began her career in 2007 at Lehman Brothers covering US Equities and later interned with Morgan Stanley, Singapore in the Investment Banking Division in 2010. She comes with deep understanding of the BFSI sector, as well as in B2C businesses in the consumer and technology space. She is an alumnus of IIT Delhi (B.Tech, Chemical Engineering) and IIM, Ahmedabad

FAQ

Frequently asked questions about ICICI Value Strategy

ICICI Value Strategy was launched on 28 January 2004 and is benchmarked against the BSE 500 TRI index. The strategy is one of ICICI Prudential longer-running PMS strategies, with over two decades of track record as a Portfolio Management Service.

ICICI Value Strategy is managed by Mr. Chockalingam Narayanan Mr. Chockalingam Narayanan has over 17 years of extensive experience in Fund Management, Investment Research and Market Analysis. He has been instrumental in analysing business fundamentals to derive relevant and actionable analysis that has portfolio growth. He is consistently relied upon for providing detailed analysis of the macro-economy, financial markets and ESG that serve as some of the key foundation pillars for the various investment strategies that he has worked with in his career. In his career, he has earlier worked with leading organisations like Baroda BNP Paribas Asset Management India Pvt Ltd, Deutsche Equities India Private Limited and Batlivala & Karani Securities. Academically, Mr Chockalingam Narayanan has a Post Graduate Diploma in Management from T A Pai Management Institute, Manipal and a Bachelor of Commerce from G.R.Damodaran College of Science. He has also passed the Financial Risk Manager (FRM) certification by the Global Association of Risk Professionals, USA..

As of 30 September, 2026, the ICICI Value Strategy portfolio is allocated primarily across Ferrous Metals (15.98%), Banks (15.57%), Auto Components (11.81%), Cement Products (5.93%), and Telecom Services (6.04%), with the remaining 44.67% across other sectors. The strategy primarily invests in large-cap equities but retains flexibility to invest across the full market capitalisation spectrum.

As per SEBI regulations, the minimum investment for Portfolio Management Services (PMS) in India is ₹50 lakh per investor. This threshold applies to all PMS strategies including ICICI Value Strategy. The minimum investment amount is subject to change based on SEBI regulatory notifications.

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